Telstra (TLS)

CIMB maintained a “neutral" rating for
Telstra
. CIMB analyst Ian Martin said a decisive Coalition election victory meant potential gains for Telstra, with a switch in national broadband network policy from fibre-to-the-premises to predominantly fibre-to-the-node which Telstra would roll out for NBN Co. This, along with some incremental infrastructure leases and a more concentrated and certain disconnection timetable, would add 10¢ to 20¢ per share in value. Mr Martin said Telstra had a solid and reliable 2013-14 outlook and further upside in 2014-15 ahead of NBN payments from 2015-16. Earnings per share were 27¢ in 2012 and 31¢ in 2013 and was forecast by CIMB to be 32¢ in 2014 and 36¢ in 2015.